timbee747 timbee747
  • 12-06-2014
  • Mathematics
contestada

How long will lucy have to wait before her $2500 invested at 6% earns $600 ?

Respuesta :

Аноним Аноним
  • 30-06-2014
[tex]\$2500+\$600=3100\$\\\\100\%+6\%=106\%=1.06\\\\\$2500\cdot1.06^n=\$3100\ \ \ /:\$2500\\\\1.06^n=1.24\\\\log_{1.06}1.06^n=log_{1.06}1.24\\\\n=log_{1.06}1.24\\\\n\approx4\ (years)[/tex]
Answer Link

Otras preguntas

Weight training has the biggest effect on __________. a. cardiac muscles b. smooth muscles c. involuntary muscles d. skeletal muscles Please select the best
What effect did factories have on the population of cities on the 1800s?
Which of the following best describes term life insurance? a. The insured pays the premium until his or her death. B. The insured pays a premium for a specifie
Which US president encouraged the United States to practice isolationism?
how much miles is a light year
Kareem Abdul-Jabbar scored a total of 38,387 points in his basketball career. What are Kareem's total points rounded to the nearest thousand?
which fraction is closer to 1 than to 0
-2x-3=-4x+3 What is X?
How did geography affect trade in China?
Which is a chemical change? water boiling wood burning glass breaking ice melting molding iron